Bangladeshi shipbuilding company Western Marine Shipyard launched the first of ten 8,000 dwt mini bulk carriers, JSW Pratapgad, in Chittagong on March 29, 2017. With a length of 122 meters, the bulker is the largest vessel built so far in Bangladesh, marking a milestone in the country’s emerging shi
Japanese shipbuilding company Mitsubishi Heavy Industries (MHI) has reached an agreement in principle with its compatriot counterparts Imabari Shipbuilding and Namura Shipbuilding related to the ongoing discussions focused on forming alliances in the commercial ship business. Discussions toward conc
Greek owner and operator of dry bulk and container carrier vessels Euroseas Ltd. has decided to proceed with the construction of a Kamsarmax drybulk carrier originally ordered in 2014 with China’s shipbuilder Jiangsu Yangzijiang Shipbuilding. Under the addendum to the earlier agreed newbuilding cont
US-based Philly Shipyard (PSI) has delivered the American Freedom, the second of four next generation 50,000 dwt product tankers that the company is building for American Petroleum Tankers (APT), a subsidiary of Kinder Morgan. With a capacity of 14.5 million gallons of crude oil or refined products,
Italian shipbuilder and ship designer Fincantieri has managed to return to black in 2016 as the company recorded a profit of EUR 14 million (USD 15 million) for the full year, against a net loss of EUR 289 million (USD 310.4 million) seen in the previous year. Fincantieri’s revenues were up by 5.9%
Tokyo-based classification society ClassNK has released its Guidelines for Liquefied Hydrogen (LH2) Carriers. The guidelines provide safety requirements for the design and construction of LH2 carriers that were based on the IMO Interim Recommendations, various international standards as well as addi
Singapore-based owner and operator of pressurized gas carriers Epic Gas has taken delivery of the 11,000 cbm LPG carrier Epic Salina. The final vessel in a series of eight pressurised LPG newbuildings, constructed by Japanese shipbuilder Kyokuyo Shipyard, joined Epic Gas’ fleet on March 29. In Janua
Dutch shipping company Wijnne Barends, a part of the Spliethoff Group, has placed an order for the construction of six energy-efficient vessels at the Indian shipyard Chowgule & Company. Featuring 4,200 deadweight tons, the vessels will have a length of 98 metres and “are designed to meet the increa
On March 25, US shipbuilder General Dynamics NASSCO christened and launched Palmetto State – the final ship in an eight-ship ECO Class tanker program. In 2013, NASSCO entered into agreements with two companies, American Petroleum Tankers (APT) and SEA-Vista LLC, to design and construct a total of ei
The world’s largest containership MOL Triumph, freshly delivered to Japanese shipping company Mitsui O.S.K. Lines (MOL) earlier this week, is gearing up for its debut in THE Alliance’s Asia-Europe trade in April. The giant boxship was delivered from South Korea’s Samsung Heavy Industries (SHI) on Ma
Norwegian Joy, Norwegian Cruise Line’s first custom-designed ship for the Chinese cruise market, began its journey to its home port of Shanghai, China this week, as its departed the Meyer Werft shipyard in Papenburg, Germany. The ship embarked on its approximately 14-hour long conveyance along the E
The world’s first icebreaking liquefied natural gas (LNG) carrier Christophe de Margerie has been delivered to its Russian owner, shipping company Sovcomflot, according to South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME). Under the USD 320 million shipbuilding agreement signe
Fincantieri Oil & Gas, a subsidiary of the Italian shipbuilding conglomerate Fincantieri, has closed its offer for the ordinary shares of Vard Holdings Limited with valid acceptances for 74.45% of Vard’s share capital. The voluntary conditional general offer, which was launched in November 2016 in S
Greece-based shipping company Maran Tankers plans to order three very large crude carriers (VLCCs) from South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME), according to information provided by VesselsValue. Maran Tankers would pay USD 80 million for the construction of each of
